EQT reports $601M loss in 3Q 2020

EQT, the largest producer of natural gas in the United States, reported a net loss of $601 million or $2.35 in the third quarter 2020, Kallanish Energy reports. That compares to a loss of $361 million or $1.41 per share in 3Q 2019. That loss was smaller than had been expected with lower operating costs … Read more

Gulfport Energy expected to file for Chapter 11 protection

Gulfport Energy, a major player in Ohio’s Utica Shale, is expected to file for a Chapter 11 reorganization in the coming days, Kallanish Energy has learned. The company, its revolver lenders and unsecured bondholders are expected to seek approval for a restructuring support agreement that includes debtor-in-possession financing. The Oklahoma-based company is dealing with about … Read more

43,000 signees opposed to MVP extension

Opponents of the stalled Mountain Valley Pipeline have submitted 43,000 signatures urging the Federal Energy Regulatory Commission not to grant more time to complete the $5.7 billion pipeline, Kallanish Energy reports. The petitions were submitted to the federal agency on Monday. The signatures and comments were collected by the Sierra Club, Appalachian Voices, Chesapeake Climate … Read more

Contractor sues MVP over pipeline construction

A Texas-based construction company has filed a lawsuit against Mountain Valley Pipeline to get $103.8 million that it says it is owed, asking that the pipeline be sold to satisfy its claim, Kallanish Energy reports. The suit was filed by U.S. Trinity Energy Services LLC in Allegheny County Common Pleas Court in Pittsburgh, Pennsylvania. That … Read more

New federal LNG-by-rail rule published, lawsuit likely

The Trump administration has published a new rule that authorizes the bulk movement of liquefied natural gas (LNG) by rail, and that has resulted in two environmental groups announcing that they intend to sue because the rule creates a serious danger., Kallanish Energy reports The Center for Biological Diversity and Earthjustice pledged to fight the … Read more

Hearing officer OKs Delaware River LNG dock

An adjudicatory hearing officer has recommended that Delaware River dock to serve a liquefied natural gas export terminal in New Jersey should remain as approved, Kallanish Energy reports. The report was filed last week by hearing officer John D. Kelly on the project by developer Delaware River Partners, a subsidiary of New Fortress Energy LLC. … Read more

Energy Transfer reviewing EPC bids for Lake Charles LNG

Energy Transfer is reviewing bid proposals for the engineering, procurement, and construction (EPC) contract at its proposed Lake Charles liquefied natural gas (LNG) facility in Louisiana, Kallanish Energy reports. The Texas-based company told the Federal Energy Regulatory Commission in a July 14 filing that the bids are still being reviewed. An EPC tender had been … Read more

Energy, petrochemical ‘renaissance’ possible in Appalachian Basin: DOE

The Appalachian Basin is projected to grow economically because of its energy resources, next-generation manufacturing, and petrochemical development and expansion, according to a new report released on Tuesday by the U.S. Department of Energy (DOE). In fact, the region “is on the cusp of an energy and petrochemical renaissance,” the DOE said. The report, looking … Read more

Pennsylvania grand jury blasts DEP, DOH over fracking

The Pennsylvania Department of Environmental Protection and the Pennsylvania Health Department both failed to protect the public health during the state’s Marcellus Shale natural gas boom, according to a scathing new report from a state grand jury. The two-year investigation “uncovered systematic failure by government agencies in overseeing the fracking industry and fulfilling their responsibility … Read more

Minnesota regulator reaffirms Line 3 approvals

A Minnesota regulator has reaffirmed its support for Enbridge’s Line 3 Pipeline replacement project, Kallanish Energy reports By a 4-1 vote, the Minnesota Public Utilities Commission has voted to deny petitions for reconsideration filed last May by several Ojibwe bands, environmental groups and the state Department of Commerce. Instead, the commission upheld the project’s certificate … Read more


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